Viscose staple fibre markets continued to move up significantly in China, seeing producers raise offers in succession. Some traders also started to clear stocks, which mostly attracted some buying interest. Mills also followed up with small-volume replenishment this week. Viscose fibre producers adjusted their offers frequently, while the downstream reaction was modest. Offers for medium-end goods climbed to US$2.23-2.27 a kg, up US cents 13, with firm deals following up at US$2.20-2.23 a kg. Offers for high-end goods also jumped to 2.27 a kg, up US cents 13.
In India and Pakistan, viscose fibre prices rolled over but may swing next week taking cues from China. Meanwhile, favorable fundamentals will continue underpin the upward momentum, and low stocks at downstream mills may prompt spinners to gradually replenish volumes entering September. In Pakistan, offers for 1.5D VSF rolled over at PakRs275-278 a kg (US$2.24-2.26 a kg, down US cent 1 due to weak currency) in Karachi. In India, VSF prices rolled over at INR144-151 kg (US$2.03-2.13 a kg, down US cents 2 due to weak currency).
Viscose spun yarn prices jumped in China on sharply rising cost of viscose fibre during the week. Offers for ring-spun 30s yarn were hiked more than 3% on the week given good downstream demand and smooth liquidity. Offers in Jiangsu for 30s ring‐spun viscose yarn were hiked to US$2.87 a kg and 40s yarn to US$3.03 a kg, both up US cents 11.
In Pakistan, viscose yarn prices rolled over despite viscose fibre prices were raised in the second week of August. This implies poor downstream demand and the sluggish cotton markets. 35s were at PakRs146 per pound (US$2.62 a kg) and 40s at PakRs160 per pound (US$2.87 a kg), both down US cent 1 due to weak currency.
In India, viscose yarn prices remained unchanged given the stability in viscose fibre pricing. 30s viscose spun knitting yarn prices were steady in Ludhiana at INR183 a kg (US$2.58 a kg, down US cents 3 due to weak INR).
Viscose filament yarn prices were stable to up this week in China, with order intake improving and downstream mills actively replenishing. Thus, sale production ratio at viscose filament producers improved significantly. In turn, some high-end producers showed intentions to raise the offers, and stuck firmly to the current levels. Meanwhile, the trading atmosphere improved somewhat, bolstered by the surge of viscose fibre prices resulting from firmer raw material prices. VFY offers for 120D bright VFY were raised to US$5.74 a kg, and dull to US$5.84 a kg, with strong yuan quotes up US cents 6-7 in US$ terms.
In India, VFY prices were stable in INR terms and down US cents 4-6 in US$ terms due to weak INR, with 100D bright VFY at INR388 a kg (US$5.47 a kg) and 450D at INR 225 a kg (US$3.17 a kg).
